../ DEEPAK FERTILISERS AND PETROCHEMICALS CORPORATION LIMITED 4 - - PDF document

• Regd. Ofgice: Sai Hira, Survey No. 93,

Mundhwa, Pune • 411 036, India. Tel: +91 (20) 6645 8000

Listing Department

../

DEEPAK FERTILISERS AND PETROCHEMICALS CORPORATION LIMITED 4 September 2019 The Secretary BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, National Stock Exchange of India Ltd. "Exchange Plaza", Mumbai - 400 001 Bandra - Kurla Complex, Bandra (E) Mumbai - 400 051 Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations,2015. Dear Sir/ Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Company is participating in Elara Investor Conference on 5th September, 2019 in Mumbai. A copy of the presentation is enclosed in this regard. NOTE: Dates are subject to changes. Changes may happen due to exigencies on the part of Analyst/ Institutional Investor/ Company. No Unpublished Price Sensitive Information (UPSI) will be shared with the analyst /investor during the aforesaid meet.

We request you to take the same on your record. Thanking you, Yours faithfully, For Deepak Fertilisers A µ::::; Corporation Limited

• K. Subharaman

Executive Vice President (Legal) & Company Secretary Encl: as above

CIN: L24121MH1979PLC021360 I www.dfpcl.com

1

Products to Solutions Commodities to Brands

INDUSTRIAL CHEMICALS MINING CHEMICALS CROP NUTRITION

A Journey of 40 Years

AGM Presentation

August 2019

Deepak Fertilisers And Petrochemicals Corporation Ltd.

Corporate Presentation

(BSE: 500645; NSE: DEEPAKFERT) `

September 2019

Table of Contents

2

• 1. Business Overview
• 2. Chemicals Segment
• 3. Fertilisers Segment
• 4. Consolidated Financial Performance
• 5. Looking Forward…
• 6. Annexure

Business Overview

3

Deepak Fertilisers And Petrochemicals: An Overview

4

Diversified Business

• Strong knowledge base and experience in:
• Mining Chemicals
• Industrial Chemicals
• Crop Nutrition
• Diversified ammonia downstream player
• ~ 40 years industry experience

Strategic Plant Locations

• Plants in Western, Northern and Eastern

India

• Well-established sourcing channels
• Port and gas pipeline infrastructure for

import of raw materials

Installed Capacity

Crop Nutrition Business Industrial Chemicals Technical Ammonium Nitrate 485

KTPA

957

KTPA

1,352

KTPA

Revenue from Operations: ~Rs. 6,742 Crore*

21.72% 44.13% 33.71% 0.44%

Contribution to Total Revenues (%)

TAN IC CNB VARE & Other

*FY2019 financials

Catering to Diverse End User Segments

Segments Highlights End Market

Technical Ammonium Nitrate

Mining Chemicals Industrial Chemicals Crop Nutrition

• Only manufacturer of solid TAN in India
• Preferred partner of mining, infrastructure and explosives companies
• Strategically located plants on East and West coasts of India and 20

warehouses across India for just in time delivery

• Products: High density & Low density Ammonium Nitrate and AN-Melt
• Second largest manufacturer of Nitric Acid in S.E. Asia and largest

manufacturer of Nitric Acid in India

• Only producer of the merchant Iso Propyl Alcohol (IPA) in India
• Strategic trading to provide basket of solvents to Pharma sector
• Dedicated storage tanks at major ports of the country
• Products: Varieties of Nitric Acid, IPA, Methanol, LCO2 & Traded Solvents
• ‘Mahadhan’ strong brand present in Maharashtra, Karnataka and Gujarat
• Only manufacturer of NP prill 24:24:0 fertiliser in India
• Largest manufacturer of Bentonite Sulphur in India
• Market leaders in Speciality and Water Soluble Fertilisers in India
• Strong market reach across India
• Products: NPK Variants, differentiated NPK, Water Soluble fertlisers and

Bentonite Sulphur

• Pharma
• Consumer Care
• Inks
• Coatings
• Chemical

derivatives

• NPK Variants
• Differentiated

NPK

• Water Soluble

Fertlisers

• Bentonite

Sulphur

• Explosives
• Mining
• Infrastructure
• Healthcare

5

Leading Market Position through Four Decades of Sustained Growth

6

Continuous expansion through adoption of global technology and additions of production capacity

1979

1979: Inception of company with ammonia manufacturing plant Commenced TAN facility and expanded industrial chemicals (ANP, methanol and nitric acid) capacity 1992: Started fertilisers business under brand name “Mahadhan” 1989: IPO Expanded ammonium nitrate, IPA and fertilisers (NPK and Bentonite Sulphur) capacity 2017: Commissioned new fertilisers plant at Panipat, Haryana 2019: Commenced operations

• f new nitric acid plant at

Dahej, Gujarat Started IPA facility and expanded TAN (LDAN) and industrial chemicals (ANP, nitric acid) capacity 2003: Acquired plant - Srikakulam, Andhra Pradesh 2008: Started operation of Creaticity (Ishanya Mall)

1980- 1989 1990- 1999 2000- 2009 2010- 2019

Strategic Geographic Footprint

7

Key Clientele

Black Diamond Explosives Rajasthan State Mines & Minerals

Mining Chemicals Industrial Chemicals

8

Chemicals Segment

9

TAN Market Demand in India

10

Driven by Coal Sector Expected to Outstrip Supply ▪ Mining and infrastructure sectors are key demand

drivers for TAN consumption

– Coal alone accounts for about 67% of current TAN

demand and is expected to contribute to ~60% of the overall TAN demand in future years

▪ Domestic demand for TAN expected to grow at a CAGR

• f ~ 5% pa over next ten years, to 1,775 KTPA by 2031

– Driven by increase in coal demand, from 688 Million

MT in FY18 to 1,100 Million MT by 2031

– Growth due to demand from existing as well as

upcoming captive/commercial coal mines, mainly in Eastern and Central India

▪ TAN demand-supply gap likely to exceed 225 KT by

2019-20

▪ No growth in supply expected as no new likely

capacity addition from other players

AN Demand-Supply Scenario in India Mineral Production (in Million MT) in India

688 478 210 1090 795 506 Coal Limestone Iron Ore 2018 (A) 2031 (P)

Source: IBEC Data, MoI&C and CIL Vision Document

TAN: Key Products, Applications & Customers

11

Low Density Ammonium Nitrate Optimex & Optimex+ Vertex Super High Density Ammonium Nitrate Optiform Vertex Norma Medical Grade Ammonium Nitrate Optispan Vertex Supreme Ammonium Nitrate Solution AN Melt

Products To Manufacture ANFO & ANFO Blends To Manufacture Emulsions & Slurry To Manufacture N2O To Manufacture Emulsions & Slurry Application Mining Industry & Explosives Manufacturers Customers Explosives Manufactures Pharma Industry Explosives Manufactures As Explosives or Energy Dopant End-Usage As RM for Explosives As RM for N2O gas As RM for Explosives

Nitric Acid: DFPCL Market Position and Demand

12

Strong Demand and strong market position to sustain profitability DNA, CNA & SNA – Demand Outlook

71% 28% 49% 21% 28% 23% 8% 10% 11% 31% 3% 17% 0% 10% 20% 30% 40% 50% 60% 70% 80% C'NA DNA SNA DFPCL GNFC RCF NFL Others

Strong Market Position – Limited competition from PSUs

Peer 1 Peer 2 Peer 3

*FY2018-19 178 204 46 240 327 71 264 370 74 50 100 150 200 250 300 350 400 DNA CNA SNA 2012-13 2018-19 2021-22-f * Source: Annual reports & DFPCL Marketing Insights

Nitric Acid Capacity Expansion

Note: Pictures of Nitric Acid complex at Dahej, Gujarat

13

• Commissioning of Commercial Operations: April 2019
• Production Capacities: ~92 KTPA (CNA); ~148 KTPA (DNA)
• Key Highlights:
• Strategically located in vicinity of large consumers of CNA
• Caters to the growing demand for CNA and DNA in the

Gujarat region along with customers in North and East India

• The Company has already entered into agreements for

70% of the capacity and the project is expected to

• perate at full capacity in the near term
• DFPCL’s Market Positioning:
• Second largest manufacturer of Nitric Acid in South

East Asia and largest manufacturer of Nitric Acid in India

• Largest integrated NA plants with a combined capacity
• f ~1.07 Million KTPA at Taloja, Maharashtra and

Dahej, Gujarat

• Nitric Acid market share expected increase to ~54%

from ~45%

Expanded Footprints in Dahej, Gujarat

Leading IPA Player

14

Strong Market Share, restricted RM availability and customer stickiness to drive profitability

• DFPCL is the only producer of the merchant IPA in India; with ~80% market share
• Primary customer is pharma sector (~80%), expected to grow at 12-15% CAGR through FY 2020
• Pharma industry contributed 76% of the total consumption in 2017-18, a trend which is likely to continue through 2024-25
• Pharma sector customer stickiness due to supply of basket of solvent including IPA and different pharmacopoeia certification
• Exclusive distribution rights for two major overseas producers
• Restricted availability of Propylene - significant entry barrier for competition
• Manufacturing of segment specific grades to cater to specific industries like electronic, cosmetic, pharma etc under evaluation
• Unique offerings (IPA in drums), which no importer of IPA can offer

Source: Industry data 72 72 202 67 60

197 36 98 75 6 10 17 97 170 255 100 200 300 2010-11 2018-19 2024-25-f

Demand-supply , KTPA

Capacity Domestic production Imports Exports Domestic demand Units, KTPA Import dependency

Fertilisers Segment

15

Key Market Trends

16

Key Market Trends Implications

Shift in consumption towards high value foods like fruits, vegetables & processed foods Acreage of horticulture has increased significantly between 2004 – 2014 in states like Maharashtra (21%), Gujarat (200%), Karnataka (50%), Telangana/AP (48%) & Madhya Pradesh (280%); Demand for specialty fertilizers to remain high Declining arable land base coupled with high demand for food Imperative to boost land yields to bridge the gap between demand and supply; fertilizers are critical to achieve this Extreme stress on resources like water & labor Use of water efficient technologies like drip irrigation will drive demand for water soluble fertilizers and increase convenience of application Push to reform policy, deregulate domestic and international markets, Providing greater market access to farmers and encouraging private sector investments Schemes like nutrition based subsidy facilitating fertilizer companies to provide value added products; DBT could potentially streamline the subsidy realization from government India is 2nd largest fertilizer market globally with annual fertilizer demand of c.55 million MT, however fertilizer consumption in India is highly skewed towards Urea Correcting distorted NPK ratio is essential; NPKs and NPKs fortified with micronutrients expected to grow faster in market leading to enhanced efficiency in fertilizer usage

CNB Business overview

17

STL Territory

Jammu Kashmir Himachal Pradesh Punjab Haryana Uttarakhand Rajasthan Uttar Pradesh Madhya Pradesh Gujarat Maharashtra Telangana Goa Karnataka Tamil Nadu Odisha Jharkhand Bihar West Bengal Sikkim Meghalaya Assam Arunachal Pradesh Nagaland Manipur Mizoram Tripura

Significant presence Ongoing expansion,

• imp. for specialty prdts.

Significant expansion Area Offices: 27 Nos ➢ Largest specialty fertilizer company in India with 20% market share in WSF, Foliar and

Micronutrients and 34% market share in Bentonite Sulphur

➢ 18% market share in NP/ NPK market in Maharashtra ➢ 25+ years of presence in Maharashtra, Karnataka and Gujarat; Among the best

recognized brands in the industry – Mahadhan

➢ Deep connects with farmers, ecosystem, channel with first mover advantage in various

products

➢ 1st company to launch differentiated bulk fertilizer in India; developed the world's first

water soluble NP fertilizer

➢ 3000+ strong dealer network in 12 states; Catering 24,000 retailers ➢ 5 zonal offices and 27 area offices across India ➢ 300+ CNB team strength, 190+ sales & marketing and 250+ Market Development

Officers (on third party payroll)

➢ Established R&D team consisting of 5 Phd (Dr) and 3 farm locations

Key Highlights STL presence across India

Note: Smartchem Technologies Limited (STL) is 100% subsidiary of DFPCL

Diversifying from Commodity to Specialty

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Increasing presence in value added products

➢ Smartek: Unique product

established by proprietary manufacturing process with exclusive sourcing/technology tie-up

➢ Smart 24-24-0: Only WSF

producer in India having Prilling technology

➢ CNS: First mover

advantage. Key Differentiators

Completed Under development

• 1. Tie-ups with partners for technology are underway

Long term pipeline

Building a market for differentiated NPK Pivoting to a crop nutrition solution provider Investing in select adjacencies that will accelerate adoption

• f crop nutrition solutions

Technology partnerships and in-house R&D (ARTIC) Differentiated NPK (NPK + Smartek + secondary nutrient, sulphur) Bensulf FRT CNS (Crop Nutrient solution) WSF Fortified WSF Crop Specific adjacency ▪ Value Chain intervention, soil testing, advisory services etc. Technology partnerships ▪ Incro1 Drip irrigation Surface irrigation

SMARTEK and CNS

19

• SMARTEK trial production started in FY17
• Launched SMARTEK N10 in FY18 Rabbi Season; SMARTEK N12 and SMARTEK N20 launched in FY19
• 10,000+ demos of SMARTEK undertaken across geographies for establishing proof of concept
• SMARTEK volume contribution increased from 2% in FY18 to 23% in FY19; About 43% of NPK

portfolio has been shifted to Smartek during the reporting year

• The Company has shifted about 90% of its sales plan to unique and differentiated products

including NP 24.24.00, Smartek and Bentonite Sulphur Fast

Note: Volumes in MT

Successful ramp-up of Differentiated Performance Fertiliser- Smartek since launch in FY18

13,165 122,579 FY18 FY19 27,297 40,235 Q1 FY19 Q1 FY20

Consolidated Financial Performance

20

Consolidated Quarterly Highlights

21

Revenue from Operations (Rs. Cr) Operating EBITDA (Rs. Cr) and Margins (%) Chemicals: Trading Revenues (Rs. Cr) Profit After Tax (Rs. Cr) 1,769 1,453 1,294 1,122 Q2FY19 Q3FY19 Q4FY19 Q1FY20 115 108 88 120 6.5% 7.4% 6.8% 10.7% Q2FY19 Q3FY19 Q4FY19 Q1FY20 18.5 12.5 5.3 10.7 Q2FY19 Q3FY19 Q4FY19 Q1FY20

409 302 147 105

• 100

200 300 400 500

Q2FY19 Q3FY19 Q4FY19 Q1FY20

Consolidated Quarterly Highlights

22

Revenue Breakdown

Q1 FY20: Rs 1,122 Cr

Financial Performance

• Total Revenues reported at ~ Rs. 1,122 Cr in Q1 FY2020
• Operating EBITDA stood at Rs. 120 Cr; Margins improved significantly from 6.8% (Q4 FY2019) to

10.7% (Q1 FY2020). Operating margins were 6.7% in Q1 FY2019

• PAT stood at ~ Rs. 10.7 crores in Q1 FY2020. Profits improved by ~104% compared to Q4 FY2019

Other Recent Highlights

• Commenced commercial production of Nitric Acid (NA) at Dahej, Gujarat; entered into long term

agreements for about 70% of the capacity in April 2019

• Secured funding tie-up of US$ 60 million (~ Rs. 420 Crores) from International Finance Corporation

(IFC) by the way of CCDs and FCCBs in April 2019

64% 35% 1% Chemicals Fertilisers Others

Consolidated Segment Highlights: Chemicals

23

• Manufactured Chemical business reported revenues of ~Rs. 613 crores in Q1 FY20 as compared to ~Rs. 610 crores in Q1 FY19. Chemical

Trading business was consciously reduced from Rs. 1,028 crores Q1 FY19 to Rs. 105 crores in Q1 FY20. The Company continued to consolidate its trading portfolio and focus on high-margin products

• Margins improved in TAN business supported by higher TAN Solutions volumes by ~42.7% y-o-y and HDAN volumes by ~11.0% y-o-y and

increase in NSP of HDAN and TAN Solutions

• Successful commissioning of Dahej facility (incl captive power plant) with capacity utilization of WNA at 60% and C’NA at 54% in the first

quarter of operations amidst initial teething period and system stabilization phase

• During Q1, margins in IPA business were impacted on account of reduction in IPA import prices and hike in RGP prices on year on year basis.

Production volumes were also temporary impacted as plant was shut down for non-availability of propylene; primarily driven by annual maintenance shutdown at suppliers’ end. Supplies of propylene have been restored and plant is now operational

Manufactured IPA Sales Manufactured TAN Sales Manufactured Acids Sales

+30%

• 21%

+12% 295 330 Q1FY19 Q1FY20 89 71 Q1FY19 Q1FY20 99 128 Q1FY19 Q1FY20

Consolidated Segment Highlights: Fertilisers

24

Manufactured Bensulf sales Manufactured NP and NPK Sales

• Manufactured Fertilisers business reported revenues of ~Rs. 341 crores in Q1 FY20 as compared to ~Rs. 429 crores in Q1 FY19. Fertilisers Trading

business was reduced from Rs. 151 crores Q1 FY19 to Rs. 55 crores in Q1 FY20. The reduction in traded revenue in CNB was inline with the strategic decision to move to differentiated NPK grade

• In line with our strategic decision to move from commodity to differentiated Fertiliser segment, differentiated NPKs. Smartek sales volume in Q1

FY20 was at 40,235 MT against 27,297 MT in Q1 FY19

• During the quarter, NPK sales volume declined by ~ 26.3% y-o-y and NP sales volume declined by ~27.6% y-o-y. Delayed monsoon by about ~3

weeks in core command area has impacted fertilisers sales. This has led to delayed Kharif sowing of major crops like Cotton, Soybean and Groundnut and resultant delays in fertiliser consumptions

• Margins in Q1 FY20, compared to Q1 FY19, were also adversely impacted on account of the increase in prices of phosphoric acid and ammonia
• n year on year basis. However, margins have increased compared to Q4 FY19 on account of declining raw material prices trend in the recent

months resulting in higher margins per ton

• 21%
• 24%

19 15 Q1FY19 Q1FY20 410 324 Q1FY19 Q1FY20

Consolidated Annual Performance

Bank Facilities ICRA Long Term Bank Facilities A+ (stable) Short Term Bank Facilities A1

Credit Ratings Revenue from Operations and Operating EBITDA (Rs. Cr)

4,378 6,062 6,742 473 545 459 FY2017 FY2018 FY2019 Revenue from Operations Operating EBITDA

25

Mar-18 Mar-19 ST Debt 2,839 1,176 LT Debt 626 1,771 Current Maturities 67 85 Total Debt 3,532 3,032 Cash & Cash Equivalent 470 334 Net Debt 3,063 2,698 Equity 2,087 2,142 Net Debt/ Equity 1.47x 1.26x

▪ Strategic reduction in trading volumes in Chemical business has helped in reduction of short term debt ▪ Decrease in short term debt borrowings was also due to short term loans for Ammonia project converted to long term loan

Consolidated Sales Volume

26

Volume MT Q1 FY20 Q4 FY19 Q-o-Q growth Q1 FY19 Y-o-Y growth FY19 FY18 Y-o-Y growth Methanol 10,370 4,444 133.3% 19,236 (46.1)% 52,215 46,652 11.9% Nitric Acid 62,477 49,078 27.3% 46,232 35.1% 199,201 218,120 (8.7)% IPA 10,827 14,782 (26.8)% 11,682 (7.3)% 61,274 74,100 (17.3)% TAN Solid 108,571 118,930 (8.7)% 107,483 1.0% 453,187 395,050 14.7% LDAN 27,880 35,429 (21.3)% 34,767 (19.8)% 128,607 108,589 18.4% HDAN 80,691 83,501 (3.4)% 72,716 11.0% 324,581 286,461 13.3% TAN Solutions 18,287 17,715 3.2% 12,814 42.7% 53,003 25,671 106.5% NP 37,957 49,149 (22.8)% 52,454 (27.6)% 198,145 195,153 1.5% NPK 65,666 88,568 (25.9)% 89,135 (26.3)% 285,725 345,817 (17.4)% WSF 246 181 36.0% 65 281.1% 847 422 100.7% Bensulf 6,102 3,482 75.2% 8,748 (30.2)% 23,898 20,762 15.1%

Looking Forward…

27

Looking Forward…

28

• Backward integration: Ammonia Facility
• In the process of setting up a state-of-the-art 500KTPA Ammonia facility at Taloja, at a Cost of Rs. 2,950 crores
• Tied up the entire debt requirement of about Rs. 2,044 crore
• Door-to-door tenor of 19 years, including the initial construction period of about 3.4 years and a moratorium of about 1.6 years.

Principal repayment spread over 14 years, in line with the project cashflows

• Other capacity expansion projects: Planned to phase the implementation to smoothen the leverage peaks
• IFC Funding: Secured a funding of US$ 60 million (approx. Rs. 420 crore) from International Finance Corporation (IFC) by the way of

CCDs and FCCBs

• Warrants:
• Warrants worth Rs. 200 crore issued to the promoters in October 2018 (at a price of Rs. 308.79), out of which 25% of the amount

has already been infused. The balance Rs. 150 crore would be infused within the stipulated period

• Monetization of non-core assets:
• Sold 75% holding in Desai Fruits and Vegetables Private Limited to Contract Farming Mauritius Private Limited for Rs. 28.2 Crores

in July 2019

• Evaluating monetization of some other non-core assets to improve the liquidity position of the Company

Annexure

29

CNB Product Portfolio

30

NPK Products

NPK Differentiated NPK Bulk

NPK 10.26.26 NPK 12.32.16 NPK 20.20.00.13 NP 24.24.00 (ANP) NPK 10.26.26 (Smartek) NPK 12.32.16 (Smartek) NPK 20.20.00.13 (Smartek)

Traded Bulk Products

SSP AS MOP

Specialty Products

Bensulf WSF Other Specialty Products

Bensulf FRT Mahadhan SMART WSF Amruta (WSF products) Micronutrients, DOT, Chelated Micronutrients

CNS

Shareholding Information

31

Shareholding Pattern as on 30th June 2019 Capital Market Data Market Cap (August 23, 2019)

• Rs. ~700Cr

Share Price (August 23, 2019)

• Rs. 79.75

Shares Outstanding 8.82 Cr Total no. of Shareholders (June 2019) 101,650 NSE and BSE Tickers DEEPAKFERT; 500645 Key Institutional Investors ▪ Fidelity ▪ Dimensional ▪ Aequitas ▪ New India Assurance ▪ Union Bank of India ▪ GIC of India ▪ Vibgyor ▪ Karvy ▪ National Insurance Co. ▪ UTI

Promoters 51.5% Institutions 6.8% Others 41.7%

Strong and Independent Board of Directors

Non-Executive Non-Independent Director Independent Director Sailesh C. Mehta

Chairman of Praron Consultancy and Ex-Chairman

• f Knight Frank (India)

Experience in Chemical, Petrochemical and Fertiliser industry MD of Kirloskar Industries Limited and Associated with Actis, Enam as Co-head of Investment Banking, and partner at 3i India Former CMD of EIL (India’s premier engineering Company), ED (GAIL) Solicitor and Advocate, Former Managing Partner at Udwadia, Udeshi & Berjis Chairman and Managing Director

Alok Perti Pranay Vakil Mahesh Chhabria Ashok Kumar Purwaha Berjis Desai

Retired MD of Coal India Experience in corporate public relations Experience in Chemical, Petrochemical and Fertiliser industry

Partha Bhattacharyya

• M. P. Shinde

Parul S. Mehta

Retired IAS officer, Experience in Coal and Mining industry

• Dr. Amit Biswas

Executive Director

32

Management with Strong Industry Experience

President – Projects Chairman and MD President and CFO President – Manufacturing President – CNB President - TAN President – IC President – HR President – Strategy President – Corp. Governance President – Strategic Projects

Sailesh C. Mehta

Education: B. Com., MBA (USA)

Amitabh Bhargava

Experience: ~25 Years Education: BE (IIT), MBA (SP Jain)

D . S. Ravindra Raju

Experience: ~30 Years Education: BE (IIT), PGDBM (XLRI)

Mahesh Girdhar

Experience: ~20 Years Education: M.Sc. (HSU), Advance Management Program (INSEAD)

Amrish Goel

Experience: ~28 Years Education: BE (IIT), MBA (IIM)

Raghunath Kellkar

Experience: ~34 Years Education: BE (IIT)

Shyam Sharma

Experience: ~24 Years Education: BE (ISM), MBA (Jadavpur University)

Pandurang Landge

Experience: ~36 Years Education: BE (UDCT, Mumbai University)

Romy Sahay

Experience: ~26 Years Education: BE (BIT, Mesra), Post Graduate Degree in PM&IR (XLRI)

Naresh Kumar Pinisetti

Experience: ~30 Years Education: MPM (NIPM), MBA (SIMI)

Debasish Banerjee

Experience: ~30 Years Education: Chartered Accountant

• Ex. Vice President (Legal) & CS
• K. Subharaman

Experience: ~30 Years Education: M.COM, LLB, FCS, PGDIPR

33

Awards and Recognition

Smartek awarded for Best formulation – Innovation at the Agribusiness Summit and Agri Awards 2019 Smartek won RMAI Agribusiness Leadership Award 2019 for introduction of revolutionary product in bulk fertiliser category Received the “Best National Employer brand Award” by ET Now and World HRD Congress in the manufacturing category Smartek received “Golden Peacock Award” for innovative product at the Dubai Global Convention 2019 Integrated Mahadhan Smartek Launch received the award for best campaign in agriculture and agri-tech from Kaleido DFPCL was honored with two distinguished awards at the PRCI Corporate collateral awards in 2018 Mahadhan was honoured with “Agribusiness leadership” award at the 11th Global Agriculture Leadership Summit 2018 Mahadhan received Brand Excellence Award in agri- inputs from ABP News for its constant drive towards innovation Featured in Forbes Asia under a billion list in the year 2017 Ishnaya Foundation has been conferred with the Prestigious Special Jury Recommendation FICCI CSR Award 2017 Mobile and Digital Marketing summit 2017 awarded Mahadhan app as the best mobile app, targeted at farming community Best Employer Award by World HRD Congress in Pune region for its strategies and implementation across the organisation

34

Recent CSR Activities

Rural Initiatives Urban Initiatives

35 Establishment of keshar mango farm and support for mango sale Dairy Development project Medical health camp Vocational Skill Development Trained 132 aspirants in various vocational skills training programs Entrepreneurship Program Pathological collection center Income Generation Programs Livelihood Enhancement through Entrepreneurship Development

www.dfpcl.com

• Reg. Off and Corp. Off: Sai Hira, Survey No. 93, Mundhwa, Pune - 411 036

CIN: L24121MH1979PLC021360 www.dfpcl.com

Investor Relations Contact:

Disclaimer: This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating Deepak Fertilisers and Petrochemicals Corporation limited’s (DFPCL) future business developments and economic performance. While these forward looking statements indicate our assessment and future expectations concerning the development of our business, a number of risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, general market, macro-economic, governmental and regulatory trends, movements in currency exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties dealing with us, legislative developments, and other key factors that could affect

• ur business and financial performance. DFPCL undertakes no obligation to publicly revise any forward looking statements to reflect future / likely events or circumstances.

Deepak Balwani Associate Vice President – Investor Relations deepak.balwani@dfpcl.com +91 20 6645 8733 Amitabh Bhargava President and Chief Financial Officer amitabh.bhargava@dfpcl.com +91 20 6645 8292 Ajay Tambhale Churchgate Partners deepakfertilisers@churchgatepartners.com +91 22 6169 5988